Piper Sandler Issues Pessimistic Forecast for Community Healthcare Trust (NYSE:CHCT) Stock Price

Community Healthcare Trust (NYSE:CHCT - Free Report) had its price target cut by Piper Sandler from $19.00 to $18.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

Separately, Wall Street Zen upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $21.00.

Community Healthcare Trust Stock Performance

CHCT traded up $0.01 during midday trading on Friday, reaching $16.49. 71,663 shares of the company were exchanged, compared to its average volume of 297,813. The stock has a market capitalization of $467.21 million, a P/E ratio of -71.59, a PEG ratio of 1.28 and a beta of 0.74. The stock's 50-day simple moving average is $16.62 and its 200 day simple moving average is $18.15. Community Healthcare Trust has a one year low of $14.76 and a one year high of $27.62.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $29.73 million for the quarter, compared to analysts' expectations of $29.71 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. On average, research analysts anticipate that Community Healthcare Trust will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.47 dividend. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date was Friday, May 9th. This represents a $1.88 annualized dividend and a yield of 11.40%. Community Healthcare Trust's dividend payout ratio is presently -606.45%.

Insider Activity

In related news, Director Cathrine Cotman bought 3,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were purchased at an average price of $17.10 per share, with a total value of $51,300.00. Following the purchase, the director now owns 23,861 shares of the company's stock, valued at approximately $408,023.10. This trade represents a 14.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is owned by company insiders.

Institutional Trading of Community Healthcare Trust

A number of hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its stake in Community Healthcare Trust by 136.1% during the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 905 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Community Healthcare Trust during the first quarter valued at $38,000. Quarry LP purchased a new position in shares of Community Healthcare Trust in the 4th quarter worth about $88,000. KLP Kapitalforvaltning AS purchased a new position in shares of Community Healthcare Trust in the 4th quarter worth about $108,000. Finally, GAMMA Investing LLC boosted its stake in Community Healthcare Trust by 2,866.5% in the 1st quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 6,335 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.